Continuing the discussion from PG Electroplast – Potential for cooler returns?:
latest concall highlights – I think overall the near term future remains strong as per the guidance and also the confidence of the mgmt to do better that the industry gives cushion for its expensive valuation !
- Minimum sales growth of 30% and operating profit growth of 28% expected in FY’24.
- Joint venture for manufacturing LED televisions and setting up a manufacturing facility.
- Exploring opportunities in the IT hardware sector and planning to apply for IT hardware PLI 2.0.
- Discussions with clients for TV manufacturing and expecting strong growth in this segment.
- Plans to fund investments through internal accruals.
- Eligible for PLI benefits and expected to start accruing them in Q3 or Q4 of this year.
- Confident about future growth prospects and seeing increased interest from new and existing clients.
- Industry growth for ACs expected to be low in the first half of the year, but optimistic about own growth.
- Targeting to achieve a 40-45% revenue growth in the AC business for the full year.
Disclosure: Invested from very low levels, opinions could be biased
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